Rutland Partners LLP (“Rutland”), the UK private equity partnership, announces that it has acquired Attends Healthcare Holdings Limited (“Attends”) from 3i plc for €93.5 million. Attends is the trading name of the European operations formerly known as PaperPak which 3i acquired in 2002.
Attends manufactures and supplies a wide range of branded and own label healthcare products used to assist both users and carers dealing with incontinence.
Rutland Partners is pleased to announce the conditional sale of Attends Healthcare Group to Domtar Corporation for an enterprise value of €180 million. The transaction is conditional only on customary regulatory clearances and is expected to complete in late February.